Why is Poonawalla Fin falling/rising?

As of 08-Jul, Poonawalla Fincorp Ltd is experiencing a price increase, currently at Rs 469.70, reflecting a rise of 1.9 points or 0.41%. The stock is trading close to its 52-week high, just 2.91% away from Rs 483.35, and has outperformed its sector by 0.46% today. Over the past week, the stock has gained 1.33%, and it has shown impressive returns of 49.30% year-to-date and 1809.35% over the last five years. However, there has been a notable decline in investor participation, with delivery volume dropping by 53.61% compared to the five-day average. The stock's high institutional holdings at 21.1%, which have increased by 1.11% in the previous quarter, suggest strong confidence from knowledgeable investors, contributing positively to its recent performance.
In the broader market context, Poonawalla Fincorp's short-term return of 1.33% over the past week significantly outpaces the Sensex, which has only seen a 0.02% increase during the same period. This strong performance is indicative of the company's ability to generate returns that exceed market averages, as evidenced by its consistent outperformance against the BSE500 over various time frames. The stock's liquidity remains adequate for trading, supporting its upward movement despite the recent drop in delivery volumes. Overall, the combination of strong institutional backing and robust long-term performance positions Poonawalla Fincorp favorably in the market.